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Why Even Single People Need Life Insurance

20 July 2013 By

If you’re married with children, then you probably know you should have life insurance to protect your dependents in the event of your death. But do single people without those same dependents also need to insure themselves? According to a 2011 survey from USAA Life Insurance, the number of single people buying life insurance increased 10 percent compared to a year earlier. The biggest growth was among 20-somethings, which experienced a 24 percent increase in life insurance purchases.

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